Company Profile

Adani Enterprises’ step-down wholly owned subsidiary -- Adani Global, Singapore has formed a 50:50 joint venture (JV) with Kowa Holdings Asia, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives. The JV will concentrate on marketing of products in Japan, Taiwan and Hawaii. The JV with Kowa for green hydrogen marketing is a natural and strategic extension of Adani Group’s long-standing marketing and trading relationship with Kowa.

Adani-Kowa joint venture formed for sales and marketing of green hydrogen and its derivatives, to be manufactured in India under Adani New Industries. Adani New Industries (ANIL), the green hydrogen platform of Adani Group is developing end-to-end solutions to produce globally competitive green hydrogen and its associated sustainable derivatives at scale. The first project of Adani New Industries of 1 million metric tonnes per annum (MMTPA) green hydrogen is being implemented in phases in Gujarat. The initial phase is expected to start production by FY2027. Depending on market conditions, ANIL aims to increase capacity to up to 3 MMTPA of green hydrogen in the next 10 years, with an investment of about $50 billion.

Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.

Adani Enterprises’ wholly-owned subsidiary Adani New Industries’ (ANIL) wind energy solutions division -- Adani Wind has received a key international certification and will now be able to start production of 5.2 MW series wind turbine generators for global markets. The company was so far manufacturing and supplying 5.2 MW Wind Turbine Generators (WTGs) for domestic wind industry players. 

The certification to standards relating to equipment for use in renewable energy applications affirms that the company's 5.2 MW WTG meets highest quality and safety standards and provides international recognition to this turbine. The type certificate reaffirms the quality and robustness of 5.2 MW WTG platform built to bring down Levelised Cost of Energy. 

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.

Adani Enterprises is currently trading at Rs. 2528.25, up by 12.05 points or 0.48% from its previous closing of Rs. 2516.20 on the BSE.

The scrip opened at Rs. 2548.95 and has touched a high and low of Rs. 2548.95 and Rs. 2522.40 respectively. So far 19815 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4189.55 on 21-Dec-2022 and a 52 week low of Rs. 1017.10 on 03-Feb-2023.

Last one week high and low of the scrip stood at Rs. 2630.00 and Rs. 2496.00 respectively. The current market cap of the company is Rs. 289503.28 crore.

The promoters holding in the company stood at 67.65%, while Institutions and Non-Institutions held 24.80% and 7.55% respectively.

Adani Enterprises’ step-down wholly owned subsidiary -- Adani Global, Singapore has formed a 50:50 joint venture (JV) with Kowa Holdings Asia, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives. The JV will concentrate on marketing of products in Japan, Taiwan and Hawaii. The JV with Kowa for green hydrogen marketing is a natural and strategic extension of Adani Group’s long-standing marketing and trading relationship with Kowa.

Adani-Kowa joint venture formed for sales and marketing of green hydrogen and its derivatives, to be manufactured in India under Adani New Industries. Adani New Industries (ANIL), the green hydrogen platform of Adani Group is developing end-to-end solutions to produce globally competitive green hydrogen and its associated sustainable derivatives at scale. The first project of Adani New Industries of 1 million metric tonnes per annum (MMTPA) green hydrogen is being implemented in phases in Gujarat. The initial phase is expected to start production by FY2027. Depending on market conditions, ANIL aims to increase capacity to up to 3 MMTPA of green hydrogen in the next 10 years, with an investment of about $50 billion.

Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.

In continuation to its letter dated 8th September, 2023, Adani Enterprises has informed that Adani Global, Singapore, a step down wholly owned subsidiary of Adani Enterprises (the Company) has incorporated a Joint Venture Company namely ‘Kowa Green Fuel’ on 13th September, 2023 (10:49:00 IST) with Kowa Holdings Asia, Singapore (‘KOWA’) for the sales and marketing of green ammonia, green hydrogen and its derivatives in the territories of Japan, Taiwan and Hawaii. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July, 2023 are enclosed. 

The above information is a part of company’s filings submitted to BSE.

Adani Enterprises has informed that it enclosed Media Release on ‘Adani Group forms JV for marketing of green hydrogen in Japanese market’.

The above information is a part of company’s filings submitted to BSE.